PROTECTED VIEW Be careful-files from the internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View Enable Editing 4. Eastern State University, a public university, had the following account balances as of June 30, 2017. Debits are not distinguished from credits, so assume all accounts have a "normal" balance (i.e. cash is a debit and accounts payable a credit) Accounts payable Accounts receivable (net) 535,000 435,000 Capital assets, net of depreciation 7,410,000 Cash and cash equivalents Deferred revenue-current 215,000 Cash and cash equivalents-restricted (noncurrent) 240,000 325,000 [Document title] General obligation bonds payable - current portion (related to capital acquisition) 390,000 General obligation bonds payable (related to capital acquisition) 2,500,000 Inventories 700,000 Investments - Endowment 4,200,000 Investments Long-term 1,500,000 Investments Short-term -unrestricted Net Position-restricted-expendable Net Position-restricted-nonexpendable Revenue bonds payable (related to capital acquisition) Net Position 900,000 1,300,000 4,440,000 2,900,000 ???????? Required: Prepare, in good form, a Statement of Net Position for Eastern State University as of June 30, 2017. (15 points) Conditio Formattin F 5678 9 ASSETS 10 Current Assets: 11 Cash and cash equivalents 12 13 14 15 Total current assets 16 17 Non-current assets: 18 Restricted Cash and Cash Equivalents 19 20 21 22 Total non-current assets 23 Total assets 24 25 26 LIABILITIES 27 Current Liabilities: 28 Accounts payable 29 30 31 Total current liabilities 32 33 Non-current liabilities: 34 35 36 Total non-current liabilities Eastern State University Statement of Net Position 30-Jun-17 33 Non-current liabilities: 34 35 36 Total non-current liabilities 37 Total liabilities. 38 39 40 NET POSITION: 411 42 Restricted: 43 44 45 Unrestricted 46 Total net position 47 Total liabilities and net position 48 49 50 51 $ D F